Mondelez International Sees Unusually Large Options Volume (NASDAQ:MDLZ)

Mondelez International, Inc. (NASDAQ:MDLZ) was the target of unusually large options trading on Tuesday. Stock investors acquired 6,067 put options on the stock. This is an increase of approximately 83% compared to the typical volume of 3,308 put options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MDLZ. Boston Financial Mangement LLC grew its position in Mondelez International by 4.2% in the 2nd quarter. Boston Financial Mangement LLC now owns 43,853 shares of the company’s stock valued at $2,870,000 after acquiring an additional 1,764 shares in the last quarter. Key Financial Inc grew its holdings in shares of Mondelez International by 8.0% in the second quarter. Key Financial Inc now owns 14,715 shares of the company’s stock valued at $963,000 after purchasing an additional 1,084 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Mondelez International during the 2nd quarter worth approximately $14,200,000. Azzad Asset Management Inc. ADV lifted its holdings in Mondelez International by 21.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 73,384 shares of the company’s stock worth $4,802,000 after buying an additional 13,079 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Mondelez International by 1.1% in the second quarter. Signaturefd LLC now owns 33,502 shares of the company’s stock worth $2,192,000 after acquiring an additional 365 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.14 during midday trading on Tuesday, hitting $66.96. The company had a trading volume of 1,355,070 shares, compared to its average volume of 7,159,926. Mondelez International has a twelve month low of $60.75 and a twelve month high of $77.20. The stock has a market cap of $89.82 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The business’s 50-day simple moving average is $66.88 and its 200-day simple moving average is $69.90.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 earnings per share. On average, research analysts predict that Mondelez International will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.425 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.54%. Mondelez International’s dividend payout ratio is currently 53.97%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDLZ. TD Cowen cut their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Citigroup lowered their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.39.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.